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Posted April 22, 2024 Today in Energy ›

Increases in U.S. residential electricity bills in 2023 were outpaced by inflation ›

In 2023, U.S. residential electricity bills increased by 2% each month compared with 2022. That growth rate was slower than inflation, which was 4.1% in 2023. Over the past decade, residential electricity prices have increased more slowly than overall inflation. More

Annual average montly cost for U.S. residential electricity bills (2013â€&2023)

Data source: U.S. Energy Information Administration, Electric Power Monthly

Data Highlights

Retail gasoline price

4/22/2024: $3.668/gal

up$0.040 from week earlier
up$0.012 from year earlier

Retail diesel price

4/22/2024: $3.992/gal

down$0.023 from week earlier
down$0.085 from year earlier

WTI crude oil futures price

4/19/2024: NA/barrel

NA from week earlier
NA from year earlier

Natural gas futures price

4/19/2024: NA/MMBtu

NA from week earlier
NA from year earlier

Weekly coal production

4/13/2024: 7.498 million tons

down0.174 million tons from week earlier
down3.316 million tons from year earlier